Arthur Hayes’ $5,000 Bitcoin (BTC) Prediction Comes True12.66

In July, as reported by Ethereum World News, Arthur Hayes, the famed chief executive at Hong Kong-based BitMEX, unexpectedly predicted that Bitcoin (BTC) didn’t bottom at $5,800, even while the crypto market’s leading analysts begged to differ.

At the time, Hayes, a former Citibank and Deutsche Bank trader/analyst, claimed that “I think we’ve haven’t seen the worst yet,” before adding that BTC was likely to test $5,000 before truly bottoming. Now, after nearly a week of tumultuous price action, which began on Wednesday morning, BTC has fallen under $5,000 for the first time in 2018.